“We need to temper our optimism on what a housing recovery can do for the US economy.” Amir Sufi - San Francisco event
“Capital spending and investment in human capital have likely been impaired by the uncertainty over what tax rates are going to be.” Carl R. Tannenbaum, AB ’81, MBA ’84 - Chicago event
“In the medium term, industrialized countries will have to default on their promises such as social security and healthcare.” Raghuram G. Rajan - Chicago event
"Political commitments have outrun the ability of economies to pay for them."
Tharman Shanmugaratnam - Singapore event
“The Fed did a lot of good through QE1. QE2 was stretching it. QE3 is basically telling the world we don’t have the capability to do any more, but we have to pretend.”
Raghuram G. Rajan - Chicago event
"Every central banker wants to say that we had a liquidity crisis and are going to return to the normal trend. They don’t want to say it was a solvency crisis and they missed it."
Myron Scholes - San Francisco event
“Counter-intuitively, the euro system, I think, actually delayed structural reforms in many of the countries that needed it most.” Steven J. Davis - Singapore event
“This grinding austerity has had some success but the pain threshold, I think, is not infinite.” Anil K Kashyap - London event
“There’s a very rapid growth in the shadow banking sector in China … with frightening parallels to what happened in the US.” Randall S. Kroszner - Chicago event
“China spent $1.5 trillion on stimulus by directing provincial governments and cities to spend money. They spent money, but all that money disappeared.”
Myron Scholes - San Francisco event
“It’s a nice story but there is no chance that the emerging economies will pull the G10 along.” Anil K Kashyap - London event
“As emerging economies have to provide their own demand, they are finding it difficult to disengage from the demand the West provided.” Raghuram G. Rajan - Chicago event
Economic Outlook 2013 in Chicago is the flagship event where world-renowned Chicago Booth faculty Randall S. Kroszner and Raghuram G. Rajan along with industry expert Carl Tannenbaum, AB ’81, MBA ’84, shared their insights for 2013.
Norman R. Bobins Professor of Economics, Chicago Booth
A former Fed governor, Kroszner studies regulation of financial institutions, international financial crises, corporate governance, debt restructuring and bankruptcy, and political economy.
JUMP TO TOPIC: Employment Housing Banking Uncertainty Tax Reform Austerity vs Stimulus Monetary Policy China
Senior Vice President/ Chief Economist, Northern Trust
As chief economist at Northern Trust, Tannenbaum briefs clients and colleagues on the economy and business conditions, prepares the bank's official economic outlook, and participates in forecast surveys.
JUMP TO TOPIC: Housing Economic Policy Central Banking Europe China
Eric J. Gleacher Distinguished Service Professor of Finance, Chicago Booth
Prior to resuming teaching in 2007, Rajan was the economic counselor and director of research (chief economist) at the International Monetary Fund. In September 2012, he became the chief economic adviser in India's Finance Ministry.
At Chicago Booth, no assumption goes unchallenged. Hear the audience's questions and how the panelists responded.
Economic Outlook 2013 in London is our European event where world-renowned Chicago Booth faculty member, Anil K Kashyap, Edward Eagle Brown Professor of Economics and Finance, and industry expert Jens Larsen, managing director and chief European economist, RBC Capital Markets, shared their insights for 2013.
Edward Eagle Brown Professor of Economics and Finance and Charles M. Harper Faculty Fellow, Chicago Booth
In addition to teaching at Booth, Kashyap is an advisor to the Swedish Riksbank, a member of the G30-affiliated Bellagio Group, and a board member of the Bank of Italy's Einuadi Institute of Economics and Finance.
Download the presentation »
JUMP TO TOPIC: ECB Policy Euro Break-Up Finland Exit Bank Collapse Elections Economic convergence
Managing Director and Chief European Economist, RBC Capital Markets
Prior to RBC Capital Markets, Larsen was head of the macro financial analysis division for the Bank of England. He has also served on the executive board of the IMF as the UK alternate executive director.
Download the presentation »
Moderator Bruce Rigal, '89, managing director and COO of Human Resources at Deutsche Bank, facilitated a comprehensive discussion of the economic and political factors shaping the eurozone outlook for the coming year.
Economic Outlook 2013 in Singapore is our Asian event where world-renowned Chicago Booth faculty member, Steven J. Davis, William H. Abbott Professor of International Business and Economics and deputy dean for faculty, and Tharman Shanmugaratnam, deputy prime minister and finance minister of Singapore, shared their insights for 2013.
Tharman Shanmugaratnam, Deputy Prime Minister and Finance Minister of Singapore, and Steven J. Davis, William H. Abbott Professor of International Business and Economics and deputy dean for faculty at Chicago Booth, discuss the fiscal, banking, and structural reforms needed for getting growth back in the eurozone.
Hear the audience’s questions and how the panelists responded.
Economic Outlook 2013 in San Francisco featured Chicago Booth professor Amir Sufi, an expert in macroeconomics and finance, presenting his latest research and insights, joined by Nobel laureate and former Chicago Booth professor Myron Scholes.
Professor of Finance
The US economy received an enormous negative economic shock during the Great Recession, and it's still struggling to recover. What are the main economic forces keeping the recovery weak? Amir Sufi shares his latest insights and analysis.
Download the presentation »
Frank E. Buck Professor of Finance, Emeritus
Stanford University Graduate School of Business
Nobel laureate Myron Scholes adds a global perspective on the Economic Outlook for 2013 that encompasses Japan, China, Europe, and the stock, bond, commodities, and credit markets.
Sufi and Scholes answer the audience's questions on their research and insights. Hear how the panelists responded.
